Trading with Median lines is a system and a leading indicator suitable for Swing trading.I am following this strategy for Nifty and Bank Nifty with good results.Those interested to trade with Charts and Price action to analyse target price, support and resistance levels will find this strategy very interesting.

Feedback welcome!Happy trading...

Thursday, October 20, 2011

20.10.2011_Thursday

Judging the corrective phase or working out the levels is never easy!

But today the junction of the Downsloping Blue PF and upsloping Magenta PF gave a good support of today's low where it took support and turned up.The triangular formation is going to drive us crazy till it clears this corrective phase.We'll have to take it one day at a time ,I suppose

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I am an ardent follower of Median lines / pitchforks and use them extensively in analysing index and stock charts in NSE, India.This blog will be a record of my stock charts in my ongoing trading journey.